Section R23-6-6 - MethodologyOne or more methods of economic evaluation may be used as appropriate to assess the life cycle cost effectiveness for each of the activities identified in Section R23-6-4. Methods may include:
(1) The most current edition of the Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems. American Society for Testing and Materials (ASTM designation E917).(2) Recommended Practice for Measuring Net Benefits and Internal Rates of Return for Investments in Buildings and Building Systems. National Institute of Standards and Technology (NBSIR 83-2657).(3) Recommended Practice for Measuring Simple and Discounted Payback for Investments in Buildings and Building Systems. National Institute of Standards and Technology (NBSIR 84-2850).(4) The most current edition of the Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems. American Society for Testing Materials (ASTM E964).Amended by Utah State Bulletin Number 2023-04, effective 2/8/2023